Introduction of Discretionary Dividend Option under Institutional Plan of Religare Ultra Short Term Fund
Jun 15, 2011
Religare Mutual Fund has announced the introduction of Discretionary Dividend Option with payout and reinvestment facility under Institutional Plan of Religare Ultra Short Term Fund, with effect from June 15, 2011. Unit holders/ Investors can subscribe to the units of Religare Ultra Short Term Fund– Institutional Plan– Discretionary Dividend Option at Rs 1000 per unit on effective date and at NAV based prices thereafter on all Business Days. The minimum amount for subscription will be Rs 1 crore and in multiples of Rs 1 thereafter for fresh purchase and Rs 1 lakh and in multiples of Rs 1 thereafter for additional purchases.